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The cloud security in energy market has experienced rapid growth, escalating from $1.26 billion in 2023 to $1.39 billion in 2024, reflecting a CAGR of 10.7%. Factors such as enhanced operational efficiency, IoT integration, digital transformation, and cost reduction efforts have contributed to this growth. The market is expected to continue expanding, reaching $2.07 billion in 2028, driven by cloud computing adoption, cybersecurity threats, globalization of energy operations, and regulatory compliance requirements. Major trends anticipated include advanced persistent threats, edge computing adoption, and emphasis on zero trust security models.

Cloud security within the energy sector is poised for expansion, driven by the rapid adoption of Internet of Things (IoT) devices that enable continuous monitoring and optimization of energy operations. IoT devices, encompassing various non-traditional computing hardware interconnected to transmit real-time data over networks, are forecasted to experience significant adoption, as indicated by projections from Akamai Technologies Inc. This widespread integration of IoT devices serves as a catalyst for the growth of cloud security within the energy market, ensuring the protection of sensitive data and systems amidst increasing connectivity and digitization efforts.

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What Are The Key Trends That Influence Cloud Security In Energy Market Share Analysis?

Major companies in the cloud security in the energy market are focusing on strategic partnerships to increase profitability. A strategic partnership is a collaborative agreement between two or more organizations to achieve mutually beneficial goals. For instance, in October 2023, Tenable Inc., a US-based cybersecurity company, partnered with Siemens Energy AG, a US-based energy company, to strengthen the security of operational technology (OT) settings in the energy industry. Through this partnership, Siemens Energy’s Omnivise T3000 cybersecurity is expected to be strengthened, facilitating easier industry standard compliance. Siemens Energy has leveraged Tenable OT Security for asset discovery and vulnerability management, and will integrate Tenable OT Security as a network intrusion detection system (NIDS) into their Omnivise T3000 control system.

Which Market Players Are Driving Growth In The Cloud Security In Energy Market?

Major companies operating in the cloud security in energy market report are Amazon.com Inc., Alphabet Inc., Microsoft Corporation, Dell Technologies Inc., Huawei Technologies Co. Ltd., Siemens AG, General Electric Company, Accenture Plc, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Schneider Electric SE, Honeywell International Inc., Broadcom Inc., SAP SE, ABB Ltd., Salesforce.com Inc., NTT DATA Corporation, Cognizant Technology Solutions Corporation, Infosys Limited, VMware Inc., Wipro Limited, Tech Mahindra Limited, Palo Alto Networks Inc., Fortinet Inc., Red Hat Inc., Trend Micro Incorporated, Nutanix Inc., Zscaler Inc., Sophos Ltd.

How Is The Global Cloud Security In Energy Market Segmented?

The cloud security in energy market covered in this report is segmented –

1) By Service: Infrastructure as a service (IaaS), Platform as a service (PaaS), Software as a service (SaaS)
2) By Solution Type : Identity and Access Management, Data Loss Prevention, IDS/IPS, Security Information and Event Management, Encryption
3) By Infrastructure: Servers, Storage, Networking equipment
4) By Platforms: Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP)

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The Cloud Security In Energy Global Market Report 2024 provides an overview of the cloud security in energymarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cloud security in energy market forecast analyzes cloud security in energy market size, cloud security in energy market share, leading competitor and their market positions.

The Table Of Content For The Cloud Security In Energy Market Include

1. Cloud Security In Energy Market Executive Summary
2. Cloud Security In Energy Market Segments
3. Cloud Security In Energy Market Size And Template Market Growth Rate
4.  Key Cloud Security In Energy Market Trends
5. Major Cloud Security In Energy Market Drivers
……
25. Key Mergers And Acquisitions In The Cloud Security In Energy Market
26. Top Cloud Security In Energy Companies
27. Cloud Security In Energy Market Opportunities And Strategies
28. Cloud Security In Energy Market, Conclusions And Recommendations
29. Appendix

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